Summary Xinjiang Xinxin Mining Industry Co Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Xinjiang Xinxin Mining Industry Co Ltd (Xinjiang Xinxin Mining) is a mining company. It carries out mining, ore processing, smelting, refining, and sales of non-ferrous metals. Th...
Four Directors at Zhaojin Mining Industry sold 1,350,000 shares at 8.920HKD. The significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
The general evaluation of ZHAOJIN MINING (HK), a company active in the Gold Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 21, 2022, the closing price was HKD...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Zhaojin Mining’s 1H20 net profit grew 72.7% yoy to Rmb412m, below expectations. Revenue grew 11.1% yoy, boosted by higher gold prices but offset by a 22% yoy decline in its mine-produced gold production. Unit production cost edged down 2.2% from 2019 level. Management maintains 2020 gold production target and guides Haiyu Mine to start operation in 2022. Maintain HOLD with a lower target price of HK$8.90. Entry price: HK$8.00.
KEY HIGHLIGHTS Results China Communication Services (552 HK/HOLD/HK$5.17/Target: HK$5.85) 1H20: Net profit drops 7.2% yoy, in line. Chongqing Rural Commercial Bank (3618 HK/HOLD/HK$3.31/Target: HK$3.20) 1H20: Stable growth with manageable uptick in NPL. CSPC Pharmaceutical Group (1093HK/BUY/HK$16.64/Target: HK$21.78) 1H20: Net profit grows 23.2% yoy; innovation brightens long-term outlook. Haidilao International (6862 HK/BUY/HK$45.75/Target: HK$52.10) 1H20: Makes headway with new store open...
GREATER CHINA Results China Communication Services (552 HK/HOLD/HK$5.17/Target: HK$5.85): 1H20: Net profit drops 7.2% yoy, in line. Chongqing Rural Commercial Bank (3618 HK/HOLD/HK$3.31/Target: HK$3.20): 1H20: Stable growth with manageable uptick in NPL. CSPC Pharmaceutical Group (1093HK/BUY/HK$16.64/Target: HK$21.78): 1H20: Net profit grows 23.2% yoy; innovation brightens long-term outlook. Haidilao International (6862 HK/BUY/HK$45.75/Target: HK$52.10): 1H20: Makes headway with new store openin...
Gold prices have surpassed the US$1,800 level, and are now at the highest level since 2011. Fiscal & monetary stimulus, sustained interest rate cuts and ample liquidity have buoyed market demand for gold this year. Besides, ETF holdings of gold have hit an alltime high (+26% ytd). Lingering macroeconomic uncertainties will continue to support gold’s performance. We raise our gold price forecasts to US$1,625 and US$1,650 per ounce for 2020-21. Maintain OVERWEIGHT on the sector.
Gold prices topped US$1,670/oz, hitting a 7-year high. Gold ETF holdings also gained 4.5% ytd, an all-time high. The rising concerns over COVID-19 outbreak outside China triggered the demand for safe haven. We remain positive on gold in a low-interest rate environment with a high possibility of further rate cuts. We lift our gold price forecasts to US$1,600 and US$1,650/oz for 2020-21 respectively. Shandong Gold remains our top pick in the gold sector, with a higher target price of HK$25.00. Mai...
KEY HIGHLIGHTS CHINA Results AAC Technologies (2018 HK/HOLD/HK$36.95/Target: HK$39.80) 2Q19: Big miss, awaiting a mild recovery in 2H19. Brilliance Auto (1114 HK/BUY/HK$7.71/Target: HK$9.50) 1H19: Beats our estimates; raise target price to HK$9.50. China National Building Material (3323 HK/BUY/HK$6.92/Target: HK$8.44) 1H19: Results in line, de-leveraging slower than expected. CR Gas (1193 HK/HOLD/HK$39.75/Target: HK$38.00) 1H19: Solid earnings growth, low gearing and healthy cash flow. C...
Zhaojin posted a net profit of Rmb239m, down 20.8% yoy, below our expectation. The decline was mainly due to t flat self–mined gold output (0.4%yoy), unit cost hike (+9.4%yoy) and higher finance cost. Average gold price was flattish yoy in 1H19, while sky-rocketing since June. We stay positive on gold’s performance, hence we believe Zhaojin’s should ride on the gold price rally 2H19 given its earnings high sensitivity. Cut target price to HK$8.23 on lower earnings forecasts; maintain HOLD....
Gold is heading towards the US$1,500/oz level, bolstered by news of US-China trade tension escalation. We believe more catalysts are now kicking in, including the pullback of the US equity market and mounting concerns over the US economic outlook. Meanwhile, we expect more rate cuts by the Fed soon to counter the global headwinds. Re-iterate OVERWEIGHT on the gold sector. Top pick: Shandong Gold (1787 HK).
Gold price has been building momentum since February and touched a six-year high this week. Ytd, we see robust physical demand from central banks and jewellery. The possibility of Fed rate cuts in July is rising with emerging signs of a US economic slowdown and more central banks announcing rates cuts. Lower interest rates and mounting global tensions will drive demand for gold as a store of value. Lift gold price forecasts to US$1,350/1,410 per ounce for 2019/2020 respectively. Re-iterate OVERW...
Gold has jumped since end-May, rising above US$1,320/oz for the first time since Feb 19. Ytd, we see: a) robust physical demand from central banks and jewellery, b) rising possibility of a Federal rate cut with emerging signs of a US economic slowdown, and c) growing investment demand for “safe haven†assets amid escalating trade tension. However, we expect the strong US dollar to continue to drag gold performance in the near term. Maintain OVERWEIGHT. Top pick: Shandong Gold (1787 HK).
KEY HIGHLIGHTS CHINA Results Geely Auto (175 HK/BUY/HK$14.42/Target: HK$18.00) 2018: Net profit up 18% yoy, in line; earnings bottom out in 2H18. Tencent Holdings (700 HK/BUY/HK$363.00/Target: HK$418.00) 4Q18: Results in line; bottom-line beats expectations. HONG KONG Results CK Asset Holdings (1113 HK/HOLD/HK$67.20/Target: HK$68.35) 2018: Below expectations; growth dependent on M&As. Razer Inc (1337 HK/HOLD/HK$1.44/Target: HK$1.55) 2018: Top-line momentum continues; bottom line missed ...
We expect the gold sector to turn around from 2019 onwards with the potential downtrend of US real interest rates, as a result of an earlier-than-expected end to the current Fed rate hike cycle. Investor sentiment towards gold is likely to improve with rising concerns over the US’ economic growth, in our view. Meanwhile, we expect the high gold mining costs to provide downside protection. Initiate coverage with OVERWEIGHT; top pick: Shandong Gold Mining (1787 HK).
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